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-- 79.080 Morning Briefing: Facebook's engineers have doubts about AI
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- U.S. stock index futures slid in early trading Monday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
- The statistics contrast starkly with the confidence in AI presented by Facebook's top executives, including CEO , who previously said he expected Facebook would use AI to detect "the vast majority of problematic content" by the end of 2019.
Market Snapshot
U.S. stock index futures slid in early trading Monday, after the major averages posted their best week in months amid a stronger-than-expected start to earnings season.
Futures contracts tied to the $Dow Jones Industrial Average (.DJI.US)$ shed 109 points, or 0.3%. $S&P 500 Index (.SPX.US)$ and $NASDAQ 100 Index (.NDX.US)$ futures slid around 0.4% each.
Top News
Supply-chain bottlenecks, elevated inflation to last well into 2022, survey finds
Economists see supply constraints and labor shortages as bigger risks to the U.S. economy than Covid-19, according to a WSJ survey.
Economists see supply constraints and labor shortages as bigger risks to the U.S. economy than Covid-19, according to a WSJ survey.
Behind the energy crisis: fossil fuel investment drops, and renewables aren't ready
The transition to cleaner energy sources isn't far enough along to meet a surge in demand, forcing countries to rely on fossil fuels.
The transition to cleaner energy sources isn't far enough along to meet a surge in demand, forcing countries to rely on fossil fuels.
Democrats face benefits and climate consensus deadline
Party lawmakers are immersed in whittling down a package initially pegged at roughly $3.5 trillion to an amount that centrists can support.
Party lawmakers are immersed in whittling down a package initially pegged at roughly $3.5 trillion to an amount that centrists can support.
India embraces stock investing as local market surges
Indian stocks have risen more than any other major market in the world this year and that is enticing millions of local investors to put their savings into equities, further buoying the market.
Indian stocks have risen more than any other major market in the world this year and that is enticing millions of local investors to put their savings into equities, further buoying the market.
Facebook says AI will clean up the platform. Its own engineers have doubts
AI has only minimal success in removing hate speech, violent images and other problem content, according to internal company reports. It can't consistently identify first-person shooting videos, racist rants or gruesome car crashes. $Meta Platforms (FB.US)$
AI has only minimal success in removing hate speech, violent images and other problem content, according to internal company reports. It can't consistently identify first-person shooting videos, racist rants or gruesome car crashes. $Meta Platforms (FB.US)$
ProShares readies Bitcoin ETF for launch
The firm is slated to be the first to roll out an exchange-traded fund based on bitcoin futures.
The firm is slated to be the first to roll out an exchange-traded fund based on bitcoin futures.
Goldman Sachs cleared to own all of China securities unit
$Goldman Sachs (GS.US)$'s application was approved to take full ownership of its local securities business, another step in China's gradual opening of its financial system to major players from the U.S. and elsewhere.
$Goldman Sachs (GS.US)$'s application was approved to take full ownership of its local securities business, another step in China's gradual opening of its financial system to major players from the U.S. and elsewhere.
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Key Events This Week
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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sky vinc : ok
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Bankai : Facebook for long term plays!
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the_yoman : Facebook declines but I am sure their earning will be good
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